Royal Bank Of Canada announced Owens-Illinois Inc (NYSE:OI), bumping up its stock price target to $18.00 today

In a report released on Friday September 30, 2016 Royal Bank Of Canada bumped up the target of Owens-Illinois Inc (NYSE:OI) to $18.00 stating a potential downside of -0.02%.

Boasting a price of $18.32, Owens-Illinois Inc (NYSE:OI) traded 0.71% higher on the day. With the last stock price close up 2.01% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Owens-Illinois Inc has recorded a 50-day average of $18.04 and a two hundred day average of $18.03. Volume of trade was up over the average, with 1,832,181 shares of OI changing hands over the typical 1,484,630

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With a total market value of $0, Owens-Illinois Inc has price-earnings ratio of 15.34 with a one year low of $11.58 and a one year high of $24.05 .

A total of 11 equity analysts have released a ratings update on OI. Two equity analysts rating the company a strong buy, two equity analysts rating the company a buy, nine equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $20.45.

Brief Synopsis About Owens-Illinois Inc (NYSE:OI)

Owens-Illinois, Inc. is engaged in the manufacturing of glass containers. The Company's principal product lines are glass containers for the food and beverage industries. Its segments include Europe, North America, Latin America and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. It also produces glass packaging for a range of food items, soft drinks, teas, juices and pharmaceuticals. The Europe segment produces glass containers for the beer, wine, champagne, spirits and food markets. The North America segment has over 20 glass container manufacturing plants and over one distribution facility in the United States and Canada. The Latin America segment produces glass containers for beer, non-alcoholic beverages, spirits, flavored malt beverages, wine, food and pharmaceutical markets. The Asia Pacific segment primarily produces glass containers for the beer, wine, food and non-alcoholic beverage markets.